Tony Elumelu Foundation funds 5000 SMEs for its 2021 Entrepreneurship Programme

AFRICA – The Tony Elumelu Foundation (TEF), the leading philanthropy empowering African entrepreneurs from all 54 African countries, has selected 4,949 entrepreneurs from across Africa for its 2021 Entrepreneurship Programme. The 2021 beneficiaries were selected from a pool of over 400,000 applications, based on their innovation, performance, and growth potential to create jobs and eradicate poverty on the continent. Consisting…

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Applications open for Jack Ma Foundation’s Africa’s Business Heroes competition 2021

AFRICA – Applications are now open for this year’s Africa’s Business Heroes competition, the Jack Ma Foundation’s flagship philanthropic programme in Africa which annually awards 10 outstanding finalists with a share of a US$1.5 million grant. In its third year, the Africa’s Business Heroes competition gives African entrepreneurs a platform to showcase their talent and grow their businesses. The central theme of…

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Ogooué Labs secures US$456k from African Financial Company to support entrepreneurship

GABON – The African Financial Company (Cofina) has granted a fund of CFAF 250 million (US$456k) to Ogooué Labs, a coworking venue hosting and incubating startups looking for a space to get creative and innovative, to support entrepreneurship in Gabon. This funding aims to support the StartX 241 program initiated by the incubator aimed at small and very small businesses…

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